Oil in Channel

Seems like Oil is keeping in the channel.

Will wait for rejection of the bottom and then continuation upward before I enter a long to the top of the channel.

This is a quick analysis and will have a more in-depth look later.

Please share with me your Ideas.

Keep in mind that a break and close of the 200EMA will also be in place.

Thanks

Комментарий:

No break and close of the 200EMA. Got rejected and we are going up again.
TP at 43